R/€ = 17.61 Change: -0.01
R/$ = 17.64 Change: -0.01
Au 1725.71 $/oz Change: 18.09
Pt 934.50 $/oz Change: 20.50


Southern Africa well-placed to produce renewables, green hydrogen for export – Kearney

By: Schalk Burger     3rd October 2022 A study by global management consultancy Kearney has noted that Southern Africa, which has favourable conditions for renewable energy production, will be able to store renewable energy and export it to areas where renewable energy production is technically or economically limited. “The world’s... 

LNG taxes to raise to A$13bn in 2022-23 - Appea

By: Esmarie Iannucci     3rd October 2022 Preliminary forecasts by the Australian Petroleum Production & Exploration Association (Appea) has found that liquefied natural gas (LNG) exporters would pay an extra A$9-billion to federal and state governments as tax and royalties. Appea on Monday revealed that the gas export sector is... 

Challenging year for MC Mining

By: Tasneem Bulbulia     30th September 2022 Coal miner MC Mining says the financial year ended June 30 was challenging for its Uitkomst Colliery, which was affected by the civil unrest in KwaZulu-Natal during July 2021, as well as the colliery’s largest customer beginning with major maintenance and not ordering any stock from March. “This... 

Export ban triples nickel investment in Indonesia’s Morowali

By: Bloomberg     30th September 2022 Indonesia’s nickel investment is set to triple in one of the country’s biggest industrial parks, following a 2019 ban on raw ore exports that President Joko Widodo says will help the economy produce higher-value goods. Spending on projects in Morowali Industrial Park in Sulawesi will reach... 

Gugulethu construction is still on track to kick off this year

By: Tracy Hancock     30th September 2022 Construction of the almost R600-million opencast phase (Phase 1) of coal exploration and mining company Canyon Coal’s Gugulethu colliery is planned to start this year, subject to market conditions and the availability of export trains. Canyon Coal, a subsidiary of private investment company... 

Operations challenges impair sector growth

By: Leah Shelene Asaram     30th September 2022 Local companies are not operating at full capacity, owing to a lack of manufacturing and product focus which impairs South Africa’s goal of becoming a relevant global player in the aluminium market, says non-ferrous metals importer and stockist Metal and Tool Trade (MTT) MD Volker Schutte. “We... 

SA largest aluminium-producing country in Africa

By: Leah Shelene Asaram     30th September 2022 In 2021, South Africa produced about 720 000 t of refined aluminium, becoming the largest aluminium-producing country in Africa, says Aluminium Federation of South Africa (Afsa) CEO Muzi Manzi. “A large proportion of the primary metal produced is used in the local market as remelt ingots to... 

Local growth vital for export capabilities

By: Leah Shelene Asaram     30th September 2022 For South Africa to become a net exporter of aluminium, local growth must take precedence, says Aluminium Federation of South Africa (Afsa) CEO Muzi Manzi. This can be achieved by developing research and development communities that support local growth areas, innovation and design, as well as... 

Hydrogen projects bankable, with caveats

By: Tasneem Bulbulia     29th September 2022 Hydrogen projects are bankable and capital is available to fund them, but there are measures that must be pursued to ensure South Africa can capitalise on these projects and get its share of the available funding to get projects off the ground. This was a key message from a panel discussion... 

EcoGraf planning bigger BAM facility

By: Esmarie Iannucci     29th September 2022 Triple listed EcoGraf has announced plans to scale-up its battery anode material (BAM) facility, in Western Australia, following multiple approaches from electric vehicle manufacturers in Europe and North America. The company’s original plans for the BAM facility would have seen a 5 000 t/y... 

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